ExactTarget Inc. (ET) announced Tuesday morning that it agreed to be acquired by Salesforce.com (CRM) for $33.75 per share in cash, approximately $2.5 billion.
ExactTarget gapped open dramatically higher Tuesday, but moved in a narrow range throughout the session. The stock closed up by 11.59 at $33.69 on the highest volume of the year. ExactTarget leaped to a new high for the year.
Salesforce.com gapped open lower Tuesday and declined further during the final 2 hours of trade. The stock finished with a loss of 3.24 at $37.80, with volume at over an 11-month high. Salesforce.com dropped to over a 6-month low.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.